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Annual Costs

Undergraduate Tuition

Tuition for Spartanburg Methodist College is $15,750 for the 2017/2018 academic year. This is 6% more expensive than the national average college tuition of $14,817. The cost is 114% more expensive than the average South Carolina tuition of $7,349 for 2 year colleges. Tuition ranks 29th in South Carolina amongst 2 year colleges for affordability and is the most expensive 2 year college in the state. Price does not vary by residence.

The school charges an additional fees of $1,110 in addition to tuition bringing the total effective in-state tuition to $16,860.

Housing Costs

On campus room and board is provided by the school at a cost of $9,100 per academic year. Students electing to live off campus elsewhere in Spartanburg should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,080.

Other Living Expenses

If living on-campus, students should budget for $2,400 in additional living expenses. Off-campus students should budget for $5,100 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to SMC was $29,440 for the 2017/2018 academic year. The cost is the same for all students regardless of South Carolina residence status as there is no in-state discount.

Citation: Price data from the U.S. Department of Education's 2017-2018 and 2016-2017 IPEDS survey response for Spartanburg Methodist College and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for Spartanburg Methodist College
Estimated Budgets
South Carolina Resident Total Budget $29,440
   In-State Tuition$15,750
   Other Fees$1,110
   Room and Board$9,100
   On-Campus Other Budget$2,400
   Books and Supplies$1,080
Non-Resident Total Budget $29,440
   Out-of-State Tuition$15,750
   Other Fees$1,110
   Room and Board$9,100
   On-Campus Other Budget$2,400
   Books and Supplies$1,080

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What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $29,440 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported SMC net price for in-state students is $13,463* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

100% of Spartanburg Methodist College students received grant aid in 2014/2015. The average total aid amount was $14,365. 52 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $4,066. To apply for a Pell Grant to attend Spartanburg Methodist College, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Spartanburg Methodist College
Financial Aid Summary
Average Annual Net Price$13,463*
Percent of Students Receiving Grant Aid100%
Average Total Grant Aid$14,365
Percent of Students Receiving Pell Grants52%
Average Amount of Pell Grant Aid$4,066

Average Net Price by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$12,614
$30,001 to $48,000$12,545
$48,001 to $75,000$13,945
$75,001 to $110,000$14,204
$110,000+$13,284

Average Financial Aid Mix - $29,440 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $29,440. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

53%
17%
29%

Grants and Scholarships

 53% - $14,365

Money granted to you by the U.S. Department of Education, Spartanburg Methodist College or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 17% - $4,728

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket

 29% -  $7,947

Covered by family savings, work or private student loans which you will have to repay.


*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Tuition Comparison to Similar Private Colleges in the Region

School Cost vs. Spartanburg Methodist College
Clinton Junior College66% less expensive
Gupton Jones College of Funeral Service25.7% less expensive
Louisburg College1.3% more expensive
Andrew College5.1% more expensive
Remington College Nashville Campus4.6% less expensive

Cost of a Degree

Being a school offering two year programs, prospective students should consider the multi year outlay when budgeting the cost for two years at Spartanburg Methodist College.

Estimated 2 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 2 year associate degree at SMC is $58,880 for students graduating in normal time. This methodology for estimating the 2 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $12,603 in-state net price as the basis. Applying this cost over 2 would estimate the cost of a degree at $25,206**

**Based on a 2 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Estimated Cost Per Semester

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at Spartanburg Methodist College.

South Carolina Resident Tuition Per Semester$7,875
South Carolina Resident Total Cost Per Semester$14,720

Cost Per Credit Hour and Cost for a Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at Spartanburg Methodist College are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at Spartanburg Methodist College
Price per credit hour$425
Cost for one class (3 credit hours)$1,275
Cost for one class (4 credit hours)$1,700

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Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 64% of Spartanburg Methodist College students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $4,728.

Example Loan Payments and Costs

How much are student loan payments for Spartanburg Methodist College? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $25,206, 100% of the estimated average net price for a two year program and paid nothing while enrolled. The total of all payments including interest would sum $31,274.87. This could be your effective total out of pocket cost of an education at Spartanburg Methodist College. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 100% of students at this school who receive financial aid and you are paying an average annual net price of $12,603. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Spartanburg Methodist College student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

Spartanburg Methodist College Student Loan Payments
Example Payments
Monthly Loan Payment$260.62
Amount Borrowed$25,206.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$6,068.87
Sum of All Payments over 10 years$31,274.87

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend SMC? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Spartanburg Methodist College, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $31,274.87 would be needed to afford a $260.62 monthly payment in the example $25,206.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to Spartanburg Methodist College in the future? In the past four years, this school's published in-state tuition and fee total rose from $14,310 to $15,750. This amounts to an average annual price increase of 2%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 2 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 2 year cost of $58,880.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for Spartanburg Methodist College.

Annual2 Year Degree
Estimated Cost in 5 years for students enrolling in 2024$38,513$77,026
Estimated Cost in 10 years for students enrolling in 2029$49,154$98,307
Estimated Cost in 15 years for students enrolling in 2034 $62,734$125,467
Estimated Cost in 18 years for students enrolling in 2037 $72,622$145,244

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Spartanburg Methodist College to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Liberal Arts and Sciences/Liberal Studies Associate's Degree 145 33% costlier
Criminal Justice/Law Enforcement Administration Associate's Degree 25 39% costlier
Religion/Religious Studies, Other Associate's Degree 4 26% costlier

Calculators

Use the calculators below to formulate a college savings plan for Spartanburg Methodist College or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford Spartanburg Methodist College in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a Spartanburg Methodist College student loan.

Prepayment Option

About Spartanburg Methodist College

Spartanburg Methodist College is a two year private college located in Spartanburg, South Carolina.  The school is affiliated with the United Methodist faith.  Full time enrollment is 730 and part time is 7. Learn more about getting accepted at Spartanburg Methodist College at CollegeSimply.

Only undergraduate degrees are offered at this school.

Address
Spartanburg Methodist College
1000 Powell Mill Road
Spartanburg, South Carolina
29301-5899

For Profit / Not For Profit Status

Spartanburg Methodist College is a private not for profit institution.

Spartanburg Methodist College cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=218821 IPEDS survey data.